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Sep 30, 2012 6:00pm EDT
over $3,000 a year. it is like a tax cut. for those families, it is a problem. it is also a problem for our economy. one of the most important ways for monetary policy is through consumer debt. they spend it in support of local businesses. whether it is fixing the roof are going out to dinner or what ever. it creates jobs. the fact that there is not as much refinancing is a problem. that is why a year ago when the president put forth his american jobs act, he also said "we will do more about refinancing." the first thing he did is say we're going to take the actions we can with their own powers to help more families refinance. that is specifically for families with government guaranteed mortgages. since we made those changes, we have seen a refinancing across the country double. in the states that were hardest hit, importantly. in nevada we have seen a more than tripling in the number of families we financing. we expected to reach at most 1 million homeowners. we are about to reach a million just in the first nine months. that is a real success. here is the problem. we have too many
Search Results 0 to 1 of about 2 (some duplicates have been removed)